Cathay Pacific Launches $12.8 Billion Fleet Expansion

The Hong Kong airline plans to purchase over 100 new aircraft by 2031 to support growth and sustainability goals.

Cathay Pacific will buy 30 Airbus A330-900 jets with an option for 30 more, totaling $11 billion.
The airline's investment plan includes more than 100 new aircraft and extensive upgrades to services and lounges.
Passenger numbers have reached 80% of pre-pandemic levels, with a target of full recovery by early 2025.
Cathay aims to reduce carbon emissions to net zero by 2025 through fleet modernization.
The company is funding the expansion through bank loans amid high interest rates.